CAC 40 Rebounds As Bonds Stabilize
(RTTNews) - French stocks rebounded on Tuesday after suffering heavy losses in the previous session following President Emmanuel Macron's decision to call a snap national election in response to the recent surge of far-right success in the European Union elections.
The benchmark CAC 40 was up 14 points, or 0.2 percent, at 7,908 after losing 1.4 percent the previous day.
Bonds stabilized after yields on the country's 10-year debt reached their highest level this year on Monday.
In corporate news, Societe Generale shares dropped half a percent to extend losses from the previous session after reports that the lender is facing hurdles in selling its securities services unit.
Ipsen edged up slightly after receiving accelerated approval from FDA for a liver disease drug.
Atos SE, an information technology service and consulting company, slumped nearly 12 percent.
The company announced that between the two proposals received on its financial restructuring, it chose Onepoint consortium consisting of Onepoint, Butler Industries and Econocom, and a group of some of the company's financial creditors.
Valeo and Dassault Systemes both rose slightly after they entered into a partnership to accelerate the digitalization of its research and development.
European Shares Inch Higher With German Politics In Focus
FTSE 100 Modestly Higher As Metal Stocks Surge
Commodity Currencies Gain On Upbeat China Trade Data
CAC 40 Slightly Higher Ahead Of BoE, Fed Decisions
DAX Rallies As Germany Faces Snap Election
Canadian Dollar Climbs Against Most Majors
NZ Dollar Advances Against Most Majors
